This 2-hour webinar unpacks the unique VAT considerations affecting motor dealers in South Africa. Attendees will gain clarity on input tax claims, trade-in vehicles, demos, second-hand goods, and compliance pitfalls. Practical guidance and SARS expectations will be covered to help motor dealers manage VAT obligations effectively and legally.
The webinar will be delivered in two parts. The first hour focuses on core VAT principles and their specific application to motor dealerships, including common transactions and compliance challenges. The second hour provides real-world scenarios, SARS rulings, and an interactive Q&A session to clarify grey areas and recent legislative updates.
Key Topics Covered:
• VAT treatment of trade-ins and demo vehicles
• Input VAT deductions and apportionment
• Dealing in second-hand vehicles and Section 20(5) invoices
• Output tax on repossessed and repossessed vehicles
• VAT record-keeping and SARS audits
• Special VAT dispensations for motor industry dealers
• Recent SARS VAT updates and interpretations affecting dealerships.
• Motor dealership owners and managers
• Accountants and tax practitioners
• Bookkeepers working in the automotive industry
• Financial controllers in motor retail businesses
• Legal or compliance officers dealing with indirect taxes.
